Smurfit Westrock Ltd (NYSE:SW) Shares Sold by Flossbach Von Storch SE

Flossbach Von Storch SE reduced its stake in shares of Smurfit Westrock Ltd (NYSE:SW) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,209 shares of the company’s stock after selling 36,477 shares during the quarter. Flossbach Von Storch SE’s holdings in Smurfit Westrock were worth $24,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alpha Omega Wealth Management LLC purchased a new position in shares of Smurfit Westrock during the fourth quarter valued at approximately $5,252,000. Private Management Group Inc. purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $9,405,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Smurfit Westrock by 29.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,487 shares of the company’s stock valued at $2,309,000 after buying an additional 9,581 shares during the period. Intech Investment Management LLC purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $597,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Smurfit Westrock during the third quarter valued at approximately $520,000. 83.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SW. Morgan Stanley upped their price objective on shares of Smurfit Westrock from $60.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $58.00 price target on shares of Smurfit Westrock in a research note on Friday, November 15th. Truist Financial began coverage on shares of Smurfit Westrock in a research note on Tuesday, January 21st. They set a “buy” rating and a $62.00 price target on the stock. Argus began coverage on shares of Smurfit Westrock in a research note on Thursday, December 5th. They set a “buy” rating and a $62.00 price target on the stock. Finally, Barclays increased their price target on shares of Smurfit Westrock from $60.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.70.

Smurfit Westrock Stock Performance

Smurfit Westrock stock opened at $55.34 on Thursday. The firm’s 50 day simple moving average is $53.60 and its 200-day simple moving average is $49.90. The company has a market cap of $28.80 billion, a P/E ratio of 100.63 and a beta of 1.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.37 and a quick ratio of 0.89. Smurfit Westrock Ltd has a fifty-two week low of $38.55 and a fifty-two week high of $56.99.

Smurfit Westrock (NYSE:SW) last issued its earnings results on Wednesday, February 12th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.33). Smurfit Westrock had a net margin of 0.63% and a return on equity of 6.16%. As a group, equities research analysts predict that Smurfit Westrock Ltd will post 3.25 EPS for the current year.

Smurfit Westrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.4308 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.11%. This is a positive change from Smurfit Westrock’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, February 14th. Smurfit Westrock’s payout ratio is currently 312.73%.

Insider Buying and Selling

In other news, insider Saverio Mayer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $54.84, for a total transaction of $1,371,000.00. Following the completion of the transaction, the insider now directly owns 149,911 shares in the company, valued at $8,221,119.24. The trade was a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Smurfit Westrock Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.